Gold is a hedge against the government doing something stupid - Axel Merk
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- Опубликовано: 22 июл 2024
- Governments and central banks are throwing all the money they can into financial markets to support a flaying global economy rocked to its core from the COVID-19 pandemic.
Although the world could see the worst downturn since the Great Depression of the 1930s, Axel Merk, chief investment officer and president of Merk Investments, warned investors: "there will be no free lunch."
Merk said that he like gold as a hedge against these unprecedented measures and the growing risk that the government could make a misstep in financial markets and do something "stupid."
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What about Silver? It's performing very poorly as compared to gold
Gold is always #1
Where's Daniela??
Things are insane! Where else except precious metals and mining.
"something stupid" yeah, you said it!
What happened to Daniela? I miss her. Hope she comes back soon
She becomes a mother of twins.
She's on maternity leave.
she's pregnant
Powell wasn't the first person to say that. It was either Rumsfeld or Cheney that said it during the Bush admin; granted they weren't the fed chair, nonetheless, the statement is broadly accepted in Washington. There is no tolerance for cutting the size of government or stopping foreign interventions. As long as we have the most powerful military in the world we can survive with more QE until.... We can't.
Keep Daniela, our favorite Host, in your prayers as she gives birth to a healthy baby.
🥇
Where is Daniela!? Maternity leave over. Kitco is going to be defunct unless they provide a real time physical spot price unhampered by the paper players or it will be the same credibility issue all over again and Kitco will remain a mainstreet joke.